Learnings & Musings on AI, ML, Data Science & Python

The Autonomous Vehicle Economy

I’ve been toying with the economic consequences of the impending autonomous vehicle revolution for a while now and this recent IKEA thought exercise got me thinking about it again. 🔁 For now, a brain dump in bullet point format. Maybe I’ll expand on/gussy up these thoughts in the future. 🤷 Drie-thrus will die and be reborn. Fast food restaurants will … Read More

Will Robots Understand Value? 💹

A while back I wrote about how I didn’t think robots would become the new consumers in capitalism. Turns out I’m not the only one. 👬 This piece scratches my economics itch in a lot of ways, but I think the heart of it is the fact that we typically believe the economy/market/capitalism operates like a rational machine and not an … Read More

Joey Stigz on AI 🤖

If you’re interested in the societal and economic implications of AI, this article is worth a read. A few points that stuck out to me: 👇 AI can be hugely beneficial, but right now it’s not trending in that direction Tech companies shouldn’t be in charge of regulating themselves, which means decision makers need to educate themselves People are starting … Read More

The Bot Economy 💵

A recent issue of the Inside AI newsletter included the prediction that eventually we will sell things to AIs. The inflection point is said to be when population growth levels off and capitalism foresees its downfall and doom. 📉 First, I think modern capitalism’s growth requirement is a bug, not a feature. Focusing on growth and appeasing shareholders can lead … Read More

The Big 4 vs. The World 🌎

I mentioned in yesterday’s post that there is a much higher demand for AI talent than there is supply. No surprise, but the answer for a lot of firms appears to be buying AI startups to help infuse talent. 💸 Even less of a surprise, Google, Apple, Facebook, and Amazon are leading the way when it comes to quantity of … Read More

Centaurs Wear Ties 👔

I’m firmly in the Augmented Intelligence camp when it comes to where I think the real benefits lie when it comes to AI. Turns out the biggest benefit for business comes from pairing humans with machines, not replacing. 👤+🤖=❤️ In our research involving 1,500 companies, we found that firms achieve the most significant performance improvements when humans and machines work … Read More

The AI Space Race 🛰

I’m very interested in how the AI boom will unfold on the international stage. It has all the makings of the next space race or arms race and more countries throw their hat in the ring every day. 🚀 This post from Ian Hogarth is a great overview of what is “at stake”. I use quotes for that because it … Read More

The Prediction Economy 🔮

When you have a hammer, everything becomes a prediction problem. I may have gotten that one wrong, but when you have AI everything can become a prediction problem. AI is the new magic eight ball. 🎱 But seriously, AI is really good at prediction and it can be done for pretty cheap in most scenarios. That means the cost of … Read More

Are We Blowing Bubbles? 🛁

Are we in the midst of an AI bubble? 🤷‍♂️ The field is definitely hot like Hansel right now, but I don’t know if we’re in what I would consider a true bubble. For one, the cat is out of the bag and people everywhere are salivating over the potential. I think we’re too far along to hit a true … Read More

FedCoin 💰

I’m an Econ major so my ears perk up at mention of the Federal Reserve. Cryptocurrencies have the same effect since I like tech. So this article was like catnip. 😸 The monetary policy possibilities of a potential FedCoin are really interesting, especially since traditional measures are not nearly as effective as economists would like to believe. I’ve long wondered … Read More